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General Motors may be planning for an all-electric future, but it will pay for it with the trucks it’s building today.
After the arrival of its redesigned full-size pickup trucks in 2019, the automaker has begun building a new full-size SUV line.
The Chevrolet Tahoe and Suburban 2021 first left General Motors’ refitted plant in Arlington, Texas, in June and will join through GMC Yukon and Cadillac Escalade in the coming weeks.
The trucks absolutely dominate the segment. Their combined sales amounted to more than 263,214 units in 2019, compared to the Ford Expedition and Lincoln Navigator’s tally of 105,078.
The Chevys start at a variety of values from $50,295 to $72,895, depending on the model, but features can take them to more than $80,000. According to Edmunds, the average transaction value for full-size SUVs is more than $63,000, GM’s diversity represents more than $16 billion in annual cash with a profit margin of up to 30%, according to Barclays.
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The all-new models are larger than the ones they upgrade and differ from the microphones in which they meet with high-end interiors and a completely independent suspension formula to give them a more cross-driving, which can be advanced with the control of a computer. surprise absorbers and adjustable air suspension formula.
The Tahoe and Suburban are launching with two V8 gasoline engine options rated at 18 mpg combined, but a turbodiesel inline-6-cylinder that promises improved fuel economy will be added to the lineup later in the year. While there are currently no plans for any electric versions, GM will be leveraging its strength in the full-size truck segment by introducing the GMC HUMMER EV next year as the first of its next-generation Ultium battery-powered models, which is part of a $20 billion investment in electric vehicles that’s been earmarked through 2025.
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